- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

UBS French unit hit with €10m fine

UBS and its French branch are being formally investigated for allegedly helping wealthy clients open undeclared bank accounts in Switzerland.

France Tweaks Wealth Tax Cap

The French Government has published an instruction stating that interest derived from euro fund life insurance policies,

HMRC confirms VAT exemption on discretionary transactional fees

It stated that VAT should not be levied on fees charged strictly on a transaction by transaction basis

Barclays under German taxman's gaze over tax credits - report

German tax authorities are investigating Barclays over the use of legal loopholes

Nigel Farage set up offshore fund to avoid tax: UKIP leader admits "it was mistake"

The UKIP leader paid a tax adviser to create a trust in the Isle of Man – which he intended to channel funds through

G8 summit: David Cameron hails landmark deal to rewrite global rules to stamp out tax evasion

The G8 leaders also backed a global push for automatic tax information sharing between countries.

OECD reports to G8 on global system of automatic exchange of tax information

The OECD has presented to G8 leaders the steps needed to create a fairer and more transparent global tax system.

In Luxembourg, No More Secrets

That characterization—which implies that Luxembourg is a place where individuals evade their responsibilities—is simply not representative of who we are as a country, or as a people.

Switzerland Favors Move Toward Sharing Bank-Account Data

Tax compliance for the future coupled with a fair and reasonable settlement for the past and the best possible market access are ways of achieving these two goals.

Russia Will Use G8 Platform to Tackle Offshore Zones – Putin

“It is an open secret that it is in offshore zones that considerable amounts of speculative and sometimes blatantly criminal capital are accumulated,”

Merkel challenger warns Ireland on ‘legal tax evasion’ and solidarity

“It cannot be that we have legal tax evasion and rules systematically exploited by large transnational companies to avoid their fiscal responsibility.”

Hopes of G8 tax avoidance breakthrough fading fast

An international deal to crack down on secretive tax havens is in jeopardy

Hopes of G8 tax avoidance breakthrough fading fast

An international deal to crack down on secretive tax havens is in jeopardy

HMRC closes adviser’s £2.4m tax avoidance scheme

HM Revenue & Customs has won a Tribunal to close down a tax avoidance scheme which had sought to cheat the public purse of £2.4m through the use of Employee Benefit Trusts.

European Commission launches tax evasion plan

The Commission plan, which will cover all income including dividends and capital gains, will build on the existing exchange of non-residents' saving details, which is due to be strengthened by the end of the year.

Glencore confirms Italian police probing 'tax evasion'

"All transactions were conducted in accordance with applicable Italian tax laws and on an arm's length basis between Portovesme and the Glencore Group,"

Financial transaction tax will have ‘significant implications’ for insurers - TMF Group

But despite suggestions of an overhaul, insurers have been warned the FTT is likely to have “significant implications” for the UK industry regardless of its final construction. Richard Asquith, head of tax at TMF Group

Four Baker Tilly partners join FRP Advisory

We are thrilled to welcome them to FRP Advisory as we expand the geographical reach of the firm whilst delivering the same consistent quality of service.

Germany, US Sign IGA On Tax Evasion

The IGA states: "the Parties are committed to working together over the longer term towards achieving common reporting and due diligence standards for financial institutions."

Vatican bank chief's priority: clean up reputation

The new head of the Vatican bank says his top priority is to clean up the bank's reputation,